However exciting it might be to code a new systematic trading system or something that spots rogue traders before they go bad, it's probably be a lot more exciting to code 'virtual worlds' in a new digital dimension.
This might explain why technologists in London keep leaving banks to work for a Improbable, an expansionary technology company that provides a cloud-based platform for developing and hosting multi-player games.
Improbable describes itself as provider of tools that 'augment human experience' by creating worlds that will 'become as meaningful, lasting and rich as the physical world.' Banking technologists are clearly impressed: several have left finance and now work for Improbable instead.
The latest to move is Moad Zardab, a former technology associate at Morgan Stanley, who joined this month as a software engineer. Last year, Improbable hired James Brown, a former associate vice president in Deutsche's tech group, who joined as a senior software engineer. It also recruited Freyr Arinbjarnar, a former vice president in risk and reporting technology from Bank of America.
Improbable's thing for bank technologists might have something to do with the fact that Ian Whiteford, its head of people, was a former HR associate at Goldman Sachs. It could also be because its COO Peter Lipka was an analyst at Goldman before he joined back in 2012.
Improbable's appetite for banking technologists is unlikely to abate soon. - The company already went from 75 employees to more than 300 in around two years. And it's currently advertising another 23 jobs in London.
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